SG Americas Securities LLC Acquires 66,502 Shares of Freshpet, Inc. $FRPT

SG Americas Securities LLC raised its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 415.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 82,522 shares of the company’s stock after buying an additional 66,502 shares during the period. SG Americas Securities LLC’s holdings in Freshpet were worth $5,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in shares of Freshpet by 55.0% during the 3rd quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock worth $31,000 after buying an additional 197 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Freshpet by 445.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 529 shares of the company’s stock valued at $32,000 after acquiring an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Freshpet by 1,388.2% during the second quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock worth $34,000 after acquiring an additional 472 shares in the last quarter. State of Wyoming bought a new stake in Freshpet during the second quarter worth about $34,000. Finally, Ossiam boosted its position in Freshpet by 81.1% during the second quarter. Ossiam now owns 509 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the last quarter.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $60.08 on Thursday. The company has a quick ratio of 4.57, a current ratio of 5.54 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average price is $71.74 and its two-hundred day moving average price is $62.29. The company has a market cap of $2.95 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.78. Freshpet, Inc. has a twelve month low of $46.76 and a twelve month high of $89.80.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.21. The company had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.66 million. Freshpet had a return on equity of 6.93% and a net margin of 12.63%.The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. On average, analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Ratings Changes

FRPT has been the subject of a number of analyst reports. Benchmark raised their price target on Freshpet from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. DA Davidson set a $98.00 price objective on Freshpet in a report on Wednesday, February 25th. Bank of America raised their target price on shares of Freshpet from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. lowered their target price on shares of Freshpet from $80.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Finally, Morgan Stanley raised shares of Freshpet from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $71.00 to $90.00 in a research report on Tuesday, February 24th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.00.

About Freshpet

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.